Suppose the following items are taken from the 2014 balance sheet of Yahoo! Inc. (All dollars are

Question:

Suppose the following items are taken from the 2014 balance sheet of Yahoo! Inc.

(All dollars are in millions.)

Goodwill $3,927 Common stock 6,283 Equipment 1,737 Accounts payable 152 Patents 234 Stock investments (long-term) 3,247 Accounts receivable 1,061 Prepaid rent 233 Debt investments (short-term) 1,160 Retained earnings 6,108 Cash 2,292 Notes payable (long-term) 734 Unearned sales revenue 413 Accumulated depreciation—equipment 201 Instructions Prepare a classified balance sheet for Yahoo! Inc. as of December 31, 2014.

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